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in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what the substance of it was. what we do know is what speaker boehner offered on friday, in a phone call to the pr
. but later on in the week, housing numbers final q3 gdp. keeping a close eye on newtown, connecticut, our hearts and prayers going out to the victims there. remembering those who lost their lives at sandy hook elementary in newtown. >>> a moment of silence observed at the new york stock exchange. in remembrance of those who lost their lives in the newtown, connecticut, shootings. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> time for the "mad dash" on a monday morning. apple gets an inordinate amount of attention. but it's not the sole source of pain. >> no. i'll tell you something, carl, we used to try to figure out who is in the apple device. tear it d
their lives in the sandy hook elementary school shootings in newtown, connecticut. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. can i still ship a gift in time for christmas? yeah,
in newtown, concould. police briefed the media giving the latest information, and here's what we know so far. 26 total victims, 20 of them young children. civics them were adults in the shooting that happened around 9:30 this morning. investigators say that a gunman came to the sandy hook elementary school here in newtown. he entered. he went to a classroom that nbc news has learned was taught by his mother. she was a kindergarten teacher here. it's believed that the gunman killed his mother and the children in her classroom. police say they continue to investigate. they are processing the scene right now. they are also going to court to get search warrants to execute them in various locations, of course, trying to answer the big question whenever something like this happens why? why did this happen? investigators don't even venture a guess of how long they will be processing the scene, the school which was just a short ways from here. they say they are going through it meticulously to try and figure out exactly what happened minute by minute and try to figure out exactly why this happened.
the massacre in newtown remains top of mind for many of our readers. in the past week conversation on our opinion pages and website has been focus order gun control. readers are understandably interested to know about guns in their neighborhoods. we obtained the names and addresses of westchester and rock land residents that are licensed to own handguns through routine freedom of information law public records request. here now is david, huffington post publisher blogger and lenny mccalter, contributor for the chicago defender. good to have you here. lenny, nothing illegal here, right? how do you balance the right to publish, freedom of speech, versus outing a lot of people with guns who don't want everybody to know necessarily that they have guns? >> because the constitution also says that you are innocent until proven guilty. as well as the right to bear arms with the second amendment. therefore, i think that we ought to take a step back and i think this is an overreaction. generally speaking, we cannot assume had a just because you own a gun that you are capable or you have potential t
power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about that. he is not surrendering that at this point. the question is whether speaker john boehner can move his caucus, even as far as he's already moved further toward the president. that's what the next couple days are going to be about. >> thank you very much, john. do you think, you think really sort of rumbling that we're hearing means that we have actually moved further away from the possibility of what i'm going to call the first of the 12 days of cliffness? >> insiders in both parties are telling me they think the prospects of no deal and going over the cliff have risen significantly. now, i continue to think that the fundamentals exist, as the president said in his news conference, there are only a few hundred billion dollars apart ov
an increase in taxes as i can. >> speaker boehner, in light of the tragedy in newtown, new push from the white house regarding possible gun control maesh moving forward, would you open in 2013 to allowing an un -- an unclosed measure on the house floor. >> we joined the president on the morning with the victims of the horrible tragedy in co. he appointed vice president biden to commission and when the vice president's rec men dags come forward we will certainly take them into consideration. at this point, i think our hearts and souls aught to be to think about those victims in this horrible tragedy. >> allowing to -- >> we will look at the recommendations and -- >> by your own description of their offer, and with you with a one to one balance, you're only about $450 billion apart. the president said that you're close. senate democrats say you are close. why can't you just split the differences and get a deal done? >> i think the real issue here that we all know is spending. you go through all of these discussions. i don't think the white house has gotten serious about the big spending problem
in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end
newtown, connecticut, school shooting. let's go live to jay gray. he has the latest developments on this horrific story. >> reporter: hey there, maria. every day here brings a more difficult task. today providing the toughest. this grieving community gathering to say the first two of 26 emotional good-byes. two 6-year-old boys laid to rest today. their friends and family gathering to say those good-byes. that as the investigation continues as well. and we're learning more from police about what exactly they're looking for and what they found. they say they have a wealth of evidence that's been recovered. not only from the lanza home but also the school here. they also warn that the school will likely remain a crime scene for several months. that this investigation is going to take quite some time. that they have more than 100 witnesses to interview. that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them
. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon. students returned to their classroom today aside from those attending sandy hook elementary, and when they did they were greeted by increased security and counselors on hand in case students needed to process. one parent said it was harder to send her son back to class and she believes this is a necessary part of the healing process for these students, but as all of that happens, as the students return to class just up the way behind me is a memorial still filled with lots of people, crowds of people struggling to move on. there were two more funerals today, and right now a wake is under way for that teacher that we've heard so much about, vicki soto works died trying to protect her children. the school, sandy hook, is still indefinitely closed while police investigating, even a nearby town says they can have another school red the for those students by tomorrow. the district has not decided when they will b
think it's been a travesty in the wake of newtown, and yes, we should have a conversation about gun control and there should be parody with taking care of the mental health of americans. that discussion has been drowned out or lost or lost or never, ever happened. mr. lanza was obviously a very sick individual and needed help. i'm not sure the mental health discussion has gotten enough attention. what do you think? >> no, it hasn't. in fact, what's been happening is, of course, there's been more stereo typing stereotyping ever people with mental illness calling these people crazy. yes, he probably did have autism and/or asperger's, but people with those disorders don't generally become violent and what's interesting is that on some of the stories on the internet there are people who have made -- posted comments blaming what he did because there have been some unconfirmed reports that maybe he was take something medication. people have made comments blaming the shooting rampage on the medication. this isn't true. the problem is that people -- anybody who needs medication needs to be
the money behind the newtown massacre story. dan, let's talk a little bit about this. how do you react to the idea cerberus is now, in light of this, going to sell the company they so meticulously put together. it's not as though people didn't know that they were in the weapons business here all along. now they are saying we want to be out of it because we don't want to be part of the debate or they think the heat on them is going to become too great. >> i think it's the heat not part of the debate. they owned freedom group when freedom group had paid lobbyists in d.c. working on gun issues. that's not directly cerberus but clearly that makes them part of the policy debate. this is partially a pressure thing. cerberus gets a lot of money from big institutions, teachers pensions, et cetera. they can't directly say to cerberus you guys have to sell. they can say, look, if you don't do something about this, we might not be there the next time you go to raise a fund. >> you point out in one of your articles from last week that the retirement system there invested $500 million into a $7.5 b
the bushmaster rifle used by the shooter. all dpuns have been removed from stores near newtown. a lot of debate about the degree to which private equity has inserted itself into the debate. some investors may be rethinking their position on investing in companies like freedom, and certainly you read the statement from service -- >> it's straightforward. very interesting story. if you get a change in heart on the part of the pension funds that make up so much of the funds for private equity, not to mention, by the way, hedge funds and other investors out there, you could see some ramifications. this certainly may be one of them right here. the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for
tragedy in newtown, connecticut. today the nra is speaking out. they add big major suggestion for the country. is it a good idea? we'll discuss when we come back. i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose
of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be more in tune to the consequences a cliff. >> you can take a look at the mid-atlantic and northeast regions, thos
at these names. i know in the wake of the newtown tragedy, there's been new focus on video games. you've had prominent politicians and others calling for more overseeing of video games. the piper note actually a little different. that's
is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively h
Search Results 0 to 16 of about 17

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